Yes

>>Ethereum’s price is gaining momentum, but the real test is whether it can sustain the rally.

Ethereum’s price is gaining momentum, but the real test is whether it can sustain the rally.

crypthub

about 12 hours ago

Price Overview

Ethereum slipped below $3,200, forming a short‑term bearish zone around $3,150‑$3,080. After a low near $3,050, the pair rallied above the 23.6% fib retracement and broke a contracting triangle at $3,125. It now trades above $3,100 and the 100‑hour SMA, seeking a recovery wave.

Key Support and Resistance

Immediate resistance is at $3,150, followed by $3,180 (50% fib) and $3,220. A decisive break above $3,250 could lift ETH toward $3,300‑$3,320. On the downside, support lies at $3,110, then $3,080, $3,050 and potentially $3,000 if the trend reverses.

Technical Indicators

The hourly MACD shows bullish momentum, while the RSI stays above the 50 level, indicating moderate strength. Holding above $3,080 and the 100‑hour SMA would reinforce the recovery bias. Failure to maintain these levels may trigger another pullback.